Thermo Fisher Scientific annual operating margin
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Thermo Fisher Scientific Operating Margin Growth & History (TMO)
Thermo Fisher Scientific's operating margin was 17.38% for fiscal 2025.
View full Thermo Fisher Scientific company overviewThermo Fisher Scientific annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 17.38% | +0.27 pp |
| 2024 | 2024-12-31 | 17.11% | +1.11 pp |
| 2023 | 2023-12-31 | 16.00% | −2.68 pp |
| 2022 | 2022-12-31 | 18.69% | −6.89 pp |
| 2021 | 2021-12-31 | 25.57% | +1.38 pp |
| 2020 | 2020-12-31 | 24.19% | +6.21 pp |
| 2019 | 2019-12-31 | 17.99% | +2.46 pp |
| 2018 | 2018-12-31 | 15.53% | +1.38 pp |
| 2017 | 2017-12-31 | 14.15% | +0.70 pp |
| 2016 | 2016-12-31 | 13.45% | −0.32 pp |
| 2015 | 2015-12-31 | 13.77% | −1.05 pp |
| 2014 | 2014-12-31 | 14.82% | +2.52 pp |
| 2013 | 2013-12-31 | 12.30% | +0.45 pp |
| 2012 | 2012-12-31 | 11.85% | +1.03 pp |
| 2011 | 2011-12-31 | 10.82% | −0.61 pp |
| 2010 | 2010-12-31 | 11.43% | +1.32 pp |
| 2009 | 2009-12-31 | 10.11% | −1.60 pp |
| 2008 | 2008-12-31 | 11.71% | +1.71 pp |
| 2007 | 2007-12-31 | 10.00% | — |
Thermo Fisher Scientific quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-27 | 17.40% | +0.50 pp |
| Q1 2026 | 2026-03-28 | 16.93% | +0.37 pp |
| Q4 2025 | 2025-12-31 | 18.46% | +0.77 pp |
| Q3 2025 | 2025-09-27 | 17.45% | +0.11 pp |
| Q2 2025 | 2025-06-28 | 16.90% | −0.37 pp |
| Q1 2025 | 2025-03-29 | 16.56% | +0.48 pp |
| Q4 2024 | 2024-12-31 | 17.69% | +0.66 pp |
| Q3 2024 | 2024-09-28 | 17.34% | −0.29 pp |
| Q2 2024 | 2024-06-29 | 17.27% | +2.50 pp |
| Q1 2024 | 2024-03-30 | 16.08% | +1.48 pp |
| Q4 2023 | 2023-12-31 | 17.03% | +0.78 pp |
| Q3 2023 | 2023-09-30 | 17.63% | +1.61 pp |
| Q2 2023 | 2023-07-01 | 14.77% | −3.48 pp |
| Q1 2023 | 2023-04-01 | 14.59% | −9.28 pp |
| Q4 2022 | 2022-12-31 | 16.25% | −7.46 pp |
| Q3 2022 | 2022-10-01 | 16.02% | −8.40 pp |
| Q2 2022 | 2022-07-02 | 18.24% | −5.09 pp |
| Q1 2022 | 2022-04-02 | 23.87% | −6.91 pp |
| Q4 2021 | 2021-12-31 | 23.72% | −5.39 pp |
| Q3 2021 | 2021-10-02 | 24.42% | −4.05 pp |
| Q2 2021 | 2021-07-03 | 23.33% | +3.22 pp |
| Q1 2021 | 2021-04-03 | 30.78% | +16.24 pp |
| Q4 2020 | 2020-12-31 | 29.11% | +11.07 pp |
| Q3 2020 | 2020-09-26 | 28.47% | +13.39 pp |
| Q2 2020 | 2020-06-27 | 20.11% | −3.58 pp |
| Q1 2020 | 2020-03-28 | 14.54% | −0.48 pp |
| Q4 2019 | 2019-12-31 | 18.04% | +0.40 pp |
| Q3 2019 | 2019-09-28 | 15.08% | −0.32 pp |
| Q2 2019 | 2019-06-29 | 23.69% | +8.27 pp |
| Q1 2019 | 2019-03-30 | 15.02% | +1.59 pp |
| Q4 2018 | 2018-12-31 | 17.64% | +1.82 pp |
| Q3 2018 | 2018-09-29 | 15.41% | +3.01 pp |
| Q2 2018 | 2018-06-30 | 15.42% | +0.41 pp |
| Q1 2018 | 2018-03-31 | 13.43% | +0.42 pp |
| Q4 2017 | 2017-12-31 | 15.83% | +0.45 pp |
| Q3 2017 | 2017-09-30 | 12.39% | +0.34 pp |
| Q2 2017 | 2017-07-01 | 15.01% | +0.95 pp |
| Q1 2017 | 2017-04-01 | 13.01% | +0.95 pp |
| Q4 2016 | 2016-12-31 | 15.37% | +0.54 pp |
| Q3 2016 | 2016-10-01 | 12.05% | −1.60 pp |
| Q2 2016 | 2016-07-02 | 14.06% | +0.11 pp |
| Q1 2016 | 2016-04-02 | 12.06% | −0.38 pp |
| Q4 2015 | 2015-12-31 | 14.83% | +0.61 pp |
| Q3 2015 | 2015-09-26 | 13.65% | −1.70 pp |
| Q2 2015 | 2015-06-27 | 13.95% | +5.90 pp |
| Q1 2015 | 2015-03-28 | 12.43% | −9.99 pp |
| Q4 2014 | 2014-12-31 | 14.22% | +1.10 pp |
| Q3 2014 | 2014-09-27 | 15.35% | +3.07 pp |
| Q2 2014 | 2014-06-28 | 8.05% | −3.53 pp |
| Q1 2014 | 2014-03-29 | 22.43% | +10.30 pp |
| Q4 2013 | 2013-12-31 | 13.12% | +0.83 pp |
| Q3 2013 | 2013-09-28 | 12.28% | +0.87 pp |
| Q2 2013 | 2013-06-29 | 11.59% | −0.25 pp |
| Q1 2013 | 2013-03-30 | 12.13% | +0.30 pp |
| Q4 2012 | 2012-12-31 | 12.29% | +0.88 pp |
| Q3 2012 | 2012-09-29 | 11.41% | +0.64 pp |
| Q2 2012 | 2012-06-30 | 11.83% | +2.54 pp |
| Q1 2012 | 2012-03-31 | 11.83% | +0.01 pp |
| Q4 2011 | 2011-12-31 | 11.41% | −0.50 pp |
| Q3 2011 | 2011-10-01 | 10.77% | −0.74 pp |
| Q2 2011 | 2011-07-02 | 9.29% | −2.19 pp |
| Q1 2011 | 2011-04-02 | 11.81% | +0.98 pp |
| Q4 2010 | 2010-12-31 | 11.92% | +1.41 pp |
| Q3 2010 | 2010-10-02 | 11.52% | +0.63 pp |
| Q2 2010 | 2010-07-03 | 11.48% | +1.05 pp |
| Q1 2010 | 2010-04-03 | 10.83% | +2.40 pp |
| Q4 2009 | 2009-12-31 | 10.51% | −0.56 pp |
| Q3 2009 | 2009-09-26 | 10.88% | −1.30 pp |
| Q2 2009 | 2009-06-27 | 10.43% | — |
| Q1 2009 | 2009-03-28 | 8.43% | — |
| Q3 2008 | 2008-09-27 | 11.06% | — |
| Q2 2008 | 2008-06-28 | 12.19% | — |
Thermo Fisher Scientific operating margin trends
Over the last five reported fiscal years, Thermo Fisher Scientific's operating margin decreased from 24.19% to 17.38%, a change of −6.81 percentage points. The latest reported quarter, Q2 2026, shows 17.40%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Thermo Fisher Scientific filings at SEC.gov ↗